On March 31, 2018, Chow Brothers, Inc., bought 5% of KT Manufacturing's capital stock for $52.1 million. KT's net income for the year ended December 31, 2018, was $80.7 million. The fair value of the shares held by Chow was $36.4 million at December 31, 2018. KT did not declare or pay a dividend during 2018. Required 1. Prepare all appropriate journal entries related to the investment during 2018. 2. Assume that Chow sold the stock on January 20, 2019 for $30.7 million. Prepare the journal entries to record the sale Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare all appropriate journal entries related to the investment during 2018. (If no entry is required for a transaction/event, select journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (l.e., 5,500,000 should be entered as 5.5).) "No View transaction list Journal entry worksheet